Other bike-rental companies are considering raising prices, as warmer weather brings a likely rebound in trip numbers.
Briefing: Nonprofit buys abandoned rental bikes for school kids in Myanmar
Discarded bikes are languishing after the rental-bike boom went bust due to high retrieval costs.
Briefing: Ofo has 6 months to enforce deposit rules, 14 million await refunds
Bike companies have a longer time for implementation than previously announced.
New rules for rental economy user deposits clarify legal gray area
The law comes as concern mounts about the financial stability of a number of mobility firms in the rental economy sector.
Court froze RMB 1.45 million of Ofo assets this month
While Ofo’s legal troubles pile up, millions of users are reportedly still waiting for their deposits.